Monetary Policy
Large Value Transfer System (LVTS)
About the LVTS
The Large Value Transfer System, or LVTS, is an electronic wire system that lets financial institutions and their customers send large payments securely in real time, with certainty that the payment will settle. It was launched in 1999.
More information
Fact Sheet
A brief description of the LVTS and its role in implementing monetary policy
A Primer on Canada's Large Value Transfer System
by Neville Arjani and Darcey McVanel
A Primer on the Implementation of Monetary Policy in the LVTS Environment
May 2005.
Implementing monetary policy in the Large Value Transfer System environment
Two discussion papers, setting out a proposed framework for implementing monetary policy in the LVTS environment, were published (November 1995 and March 1996) before the final report (next) was issued in January 1999.
The framework for the implementation of monetary policy in the Large Value Transfer System environment
Final report, January 1999.
Building the LVTS
Excerpt from the book Planning an Evolution: The Story of the Canadian Payments Association, 1980-2002, by James Dingle